simple Interest

Front

What does the I in I = PRT mean?

Back

interest

Front

Interest earned on a savings account over 2 years with a principal of $200 and a rate of 5%?

Back

$20

Front

What does the R in I = PRT mean?

Back

rate

Front

What does the P in I = PRT mean?

Back

Principal

Front

Simple interest on a housing loan of $350,000 over 30 years at 4.5% rate?

Back

$472,500

Front

What does the T in I = PRT mean?

Back

time

Front

What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years?

Back

$13,715

Front

Interest on a savings account at 2% for $575 over 1 year?

Back

$11.50

Front

Jenna borrowed $5,000 for 3 years and paid $1,350 simple interest. What rate of interest did she pay?

Back

9%

Front

Convert 18 months to years.

Back

1.5 Years